Anthropic files for IPO as Meta plans $95bn stock sale

Anthropic has publicly filed for an initial public offering and hopes to trade on the Nasdaq Global Select Market under the symbol ANT. The Claude developer reported revenues of $16.2bn in the first half of the year, compared with $1.16bn a year earlier. Losses rose to over $80bn, mainly because of changes in the fair value of convertible notes. The company warned that it may not achieve or sustain profitability. Its founders will retain majority voting control under a special share structure.

Meta separately announced plans to raise up to $95bn to support its core business and AI expansion. The package includes $35bn in underwritten public stock offerings and a $60bn program to sell shares at prevailing market prices. Nvidia, AMD and Broadcom have expressed interest in participating as cornerstone investors, which could purchase up to $5bn of the stock. The market-price sales will use nonvoting Class C shares, preserving Mark Zuckerberg’s control.

Meta said the proceeds would support AI infrastructure and personal superintelligence, alongside opportunities in agents, enterprise products and AI glasses. Anthropic’s filing also highlighted risks including cybercrime, biological weapons, misuse by authoritarian states and loss of human control. It warned that harmful or unintended model behavior could expose the company to litigation and regulatory action beyond the protection provided by its contracts and insurance.